ETH: Target Zone Holds for $2,500 Move
ETH target zone stays intact with $2,500 expected despite correction, says Michaël van de Poppe, as price tests $1,879.97 support on 4h chart.
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ETH target zone stays intact with $2,500 expected despite correction, says Michaël van de Poppe.
Price action at $1,879.97 tests the lower Bollinger support at $1,881.47 while EMA50 at $1,886.02 acts as immediate resistance and EMA200 at $1,791.42 provides deeper floor. MACD death cross confirms bearish momentum yet RSI at 42.16 leaves room for upside continuation once volatility exhausts.
ETH price prediction models now hinge on reclaiming the $1,956.04 resistance band before any sustained crypto market correction fades into the next leg higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast